PANews reported on October 30 that AI data collection startup Sapien announced the completion of a $10.5 million seed round of financing, led by venture capital firm Variant, with participation from Primitive Ventures, Animoca, Yield Game Guild and HF0. Angel investors such as YGG founder Gabby Dizon and SoftBank Vision Fund alumnus Kevin Jiang also participated in this round of financing. Sapien is led by Rowan Stone, co-founder of Coinbase Layer 2 network Base, and Trevor Koverko, founder of Polymath, and incentivizes global data providers through USDC stablecoins or reward points. Users need to pledge funds to participate in the work. If they perform well, they can get extra rewards. If there is cheating, the pledge will be deducted. Sapien currently provides data support for 17 large companies including Alibaba and Baidu, and has attracted more than 100,000 AI data labelers to join.
AI data collection company Sapien completes $10.5 million seed round led by Variant
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